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Searching Content from Cyprus indexed under Insolvency/Bankruptcy/Re-structuring ordered by Published Date Descending.
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1
Enforcement Of Foreign Judgements – Cyprus Chapter
The Republic of Cyprus has a national system of justice which is enforced uniformly throughout the government-controlled area of the country.
Cyprus
19 Jun 2019
2
Securitisation 2019 – Promotional Guidelines
Cyprus Contracts Law, Cap. 149 (as amended) states that a contract may be: made orally; partly written and partly oral; entirely in writing; or even implied by the conduct of the contracting parties.
Cyprus
5 Jun 2019
3
Cross-Border Recognition Of Insolvency Proceedings
As a result of the numerous cross-border structures involving Cyprus, the need to recognise foreign insolvency proceedings in Cyprus is becoming more common.
Cyprus
28 May 2019
4
Tax Law Amendment Regarding Debt Restructurings
The amendments became effective as from the date of their publication.
Cyprus
 
3 May 2019
5
Directors Duties In Insolvency And Its Vicinity- An Alternative Approach For Creditors To Recover
When a company enters insolvency or its ‘'vicinity''[1], the fiduciary duties of directors are no longer owed to the company as a whole, and instead their duties shift towards the creditors.
Cyprus
29 Apr 2019
6
Mergers And Reorganisations – An Overview
Cyprus boasts an attractive merger and reorganisation regime not only locally (ie, between Cyprus entities), but also at a cross-border, EU level.
Cyprus
2 Mar 2019
7
Maria Kyriacou Speaks At Institute Of Certified Public Accountants Of Cyprus Insolvency Seminar
Maria Kyriacou, head of our Nicosia office, was one of the principal speakers at a recent seminar organised by the Institute of Certified Public Accountants of Cyprus for its members on the subject
Cyprus
7 Jan 2019
8
International Secured Transactions 2018
Cyprus is a former British colony that gained independence in 1960. In 1974, Cyprus was invaded by Turkey and approximately one-third of the country remains under illegal Turkish occupation.
Cyprus
20 Dec 2018
9
Tax Law Amendment Regarding Debt Restructurings
On 10 July 2018, the House of Representatives voted for amending the provisions of the tax legislation regarding bank debt restructurings involving immovable property in Cyprus.
Cyprus
19 Dec 2018
10
The Proposed EU Directive On Business Insolvency: The European Council Agrees Its Position
In 2016 the European Commission published a proposal for a directive on business insolvency, which aims to provide effective restructuring tools to rescue viable businesses in distress,
European Union
23 Oct 2018
11
Schemes Of Arrangement And Recent Changes
Cyprus reduces the threshold for approving Schemes of Arrangement to simple majority
Cyprus
17 Oct 2018
12
Tax Exemptions For Loan Restructuring Implemented
Following the extension of tax relief for the disposal of immovable property for the restructuring non-performing loans introduced by Laws 96(I)/2018, 98(I)/2018, 99(I)/2018 and 100(I)/2018,
Cyprus
28 Aug 2018
13
Amendments To Tax Laws To Facilitate Loan Restructuring
Parliament passed a package of legislative measures on 8 July 2018 that aims to encourage the resolution of non-performing loans.
Cyprus
16 Aug 2018
14
Implementation Of Tax Exemptions On Loan Restructuring
Following the extension of tax relief on disposal of immovable property for the purposes of restructuring non-performing loans introduced by Laws 96(I), 98(I), 99(I) and 100(I) of 2018 ...
Cyprus
10 Aug 2018
15
Extension Of Limitation On Enforcement Of Financial Guarantees
A series of laws enacted in 2015 introduced limitations on creditors' ability to enforce guarantees in prescribed circumstances, particularly as regards individuals with assets below a specified threshold.
Cyprus
9 May 2018
16
Simplified Procedures For Debtor/Bankrupt Bank Account Opening
In the context of streamlining procedures and avoiding lengthy processes, the Insolvency Service and the Bankruptcy and Liquidation Companies' Division of the Registrar of Companies and Official Receiver of Cyprus announced that...
Cyprus
27 Apr 2018
17
VAT Registration For Insolvency Office-Holders
The Cyprus Tax Department has issued guidance to professional bodies and other potential stakeholders about VAT registration issues and procedures affecting insolvency office-holders...
Cyprus
12 Dec 2017
18
Debt Collection In Cyprus
The global economic crisis could not but have extended to Cyprus, too, and financial transactions taking place in Cyprus. Liquidity being a severe problem, it is nowadays paramount for businesses...
Cyprus
14 Jun 2017
19
Execution Of Foreign Judgments Under EU Law: An Overview Of Regulation 1215/2012
The legal system of the Republic of Cyprus provides various routes for the enforcement of foreign judgments which have been issued abroad.
European Union
12 Jun 2017
20
Bank Resolution Regime – From Theory To Practice
The financial crisis in Cyprus resulted among others in the introduction of the Insolvency Framework, comprising of a package of six bills of legislation that came into force on the 07/05/2015.
Cyprus
27 Mar 2017
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